Kakao Pay reports net loss of 6.2 billion won in Q2
Korea JoongAng Daily

Home > Business > Finance

print dictionary print

Kakao Pay reports net loss of 6.2 billion won in Q2

Published: 01 Aug. 2023, 18:49
A promotional image of Kakao Pay [KAKAO PAY]

A promotional image of Kakao Pay [KAKAO PAY]

 
Kakao Pay on Tuesday reported its second-quarter net loss of 6.2 billion won ($4.8 million), remaining in the red compared with a year ago.
 
The company said in a regulatory filing that it continued to post an operating loss of 12.6 billion won for the April-June period, compared with a loss of 12.5 billion won a year earlier. Revenue rose 11 percent to 148.9 billion won.
 
The operating loss was 30.7 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

Yonhap
tags korea kakao pay earnings second quarter

More in Finance

Kospi dips slightly following Samsung Electronics' subpar earnings

Kospi opens lower on Samsung's weak results and U.S. stock losses

Gov't acquires four paintings through new payment-in-kind policy

Kospi closes 1.5 percent higher with eased concerns over U.S. economy

Korea's foreign reserves rise for third consecutive month in September

Related Stories

Emart remains in the red in the second quarter

LG posts 61% surge in Q2 operating profit to $869 million on core businesses

KakaoBank logs $93M net profit in second quarter

KT reports Q2 growth on back of robust 5G and media content

KakaoBank's net profit up 159 percent in the second quarter
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)